Tag: Shardeum

Shardeum ($SHM) Token Airdrop Guide: Earn $1500 for Free
Shardeum is an upcoming linearly scalable layer-1 blockchain using dynamic state sharding similar to NEAR Protocol. The project is still in its early phase, which means early users can potentially secure massive Shardeum $SHM token airdrop rewards.

Check out our Sui Airdrop Guide and Scroll Airdrop Guide for another highly anticipated token airdrop.

Shardeum ($SHM) Airdrop Step-by-Step Guide

Here’s how to get a potential Shardeum ($SHM) airdrop:
1. Add Shardeum Network on MetaMask.
2. Go to the Shardeum betanet and claim testnet SHM.
3. Interact with projects on the Shardeum ecosystem.
4. Become a Shardeum YouTube creator.
See below for more details.

What is Shardeum?

Shardeum is a smart contract platform built on the Ethereum Virtual Machine (EVM) that uses dynamic state sharding to scale efficiently. Although it shares similarities with other state sharding platforms like Harmony, Elrond and NEAR Protocol, it distinguishes itself by having a unique approach to consensus.

What is Sharding?

Unlike most platforms that group transactions into blocks and perform consensus at the block level, Shardeum performs consensus on each transaction individually. This enables simultaneous processing of transactions that affect multiple shards, instead of consecutive processing as with block level consensus. This speeds up the processing time and removes the need for complex atomic processing as required by block level consensus platforms.

Dynamic State Sharding

Shardeum has a unique feature in its use of dynamic state sharding. In dynamic state sharding, each node has a different set of addresses to manage. But, there is a significant overlap between the different nodes. This is contrasted with static state sharding, where all nodes in a shard are responsible for the same set of addresses.

While dynamic state sharding is more challenging to implement compared to static state sharding, it offers a more efficient solution for scaling the network. With dynamic state sharding, every new node added to the network instantly increases the transaction per second (TPS) rate. In contrast, static state sharding requires a minimum number of nodes to join the network before creating a new shard, and gradually increases the TPS rate.

Who is the Team behind Shardeum?

Nischal Shetty and Omar Syed co-founded Shardeum. Shetty is the founder and CEO of WazirX, the largest crypto exchange in India with over 10 million active users. Syed is a blockchain architect who has helped large organizations build scalable, fault-tolerant distributed systems such as NASA, Yahoo, Zynga, and Shardus.

In October 2022, Shardeum successfully raised $18.2 million in seed funding from more than 50 investors worldwide. These investors include Jane Street, Struck Crypto and the Spartan Group.

Does Shardeum have a Token?

Validators and standby nodes will generate $SHM, Shardeum’s native coin, through mining – see their litepaper. This acts as a reward for their contribution to the network. Users will use the $SHM token to pay gas fees for transferring assets and executing smart contracts on the network

Shardeum reserves 51% of its maximum supply of 508 million tokens for the community.

How to Receive Potential Shardeum ($SHM) Token Airdrop?

Shardeum have not confirmed an airdrop, yet. However, the best chance to receive $SHM airdrop is to interact with their testnet. Shardeum recently launched their betanet, and protocols on there also have incentives for early users. This puts you in a great position to earn more rewards! Here’s how to do this:
1. Add Shardeum Network on MetaMask.
2. Go to the Shardeum betanet and claim testnet SHM.
3. Interact with projects on the Shardeum ecosystem.
4. Become a Shardeum YouTube creator.
Add Shardeum Network on MetaMask

Shardeum created a list of all their network endpoints on their user document. You can choose to connect them automatically or add them manually to your MetaMask RPC. Their latest one is Sphinx 1.X, which is their betanet and the final step before the mainnet launch. We recommend adding this to your MetaMask. To do this, go to Shardeum’s developer docs, go to Network and Endpoints, then click “Click to Connect to Sphinx 1.x”.

docs.shardeum.org/network/endpoints

Claim Faucet Tokens

After adding Shardeum to MetaMask, you will need testnet tokens to interact with their platform. There are 2 ways to do this, either on their website or to the Shardeum Liberty Network faucet.

On the Shardeum website, click “Claim Testnet SHM”. You will then need to join their Discord and claim tokens using their Discord faucet text channels.

Claim testnet SHM on Shardeum website

Alternatively, you can claim Shardeum testnet tokens using the Shardeum Liberty Network faucet. But first, you will have to click “Tweet Now” for them to send you tokens. This is to prevent faucet bot abuse from using up all available $SHM. Remember to add your wallet address before you Tweet out the message. Finally, copy your Tweet link and paste it into the request box.

Shardeum Faucet

Interact with projects on the Shardeum ecosystem

Shardeum has nearly 60 projects in its ecosystem, ranging from DeFi protocols to decentralized exchanges (DEXs). Interacting with these ecosystem projects will likely put you in a good position to receive any potential Shardeum airdrop. However, here are some projects which we think may have a higher chance of receiving an airdrop if you interact with them.

Shardeum Swap

Shardeum Swap is one of the first decentralized exchanges (DEX) built on the network. Therefore, it is very likely that users interacting with the protocol are included in the snapshot. Here you can (1) swap SHM to SSWAP tokens, (2) wrap SHM to WSHM, and (3) provide liquidity to pools. Remember that these are testnet tokens, so feel free to play around with the DEX.

Shardeum Swap

Swapped Finance

Swapped Finance is an automated market maker (AMM) DEX built on the network. But it has more features to offer such as yield farming, staking, limit orders, margin orders, launchpad, and lending/borrowing. As long as you use your testnet tokens for swapping or liquidity provision, there is a high chance you will be included in the snapshot.

Swapped Finance

DAOStarter

Shardeum is working with DAOStarter on a test party campaign, which will run until 31st March 2023 at 9:00 am UTC. Users can join the DAOStarter betanet on Shardeum Sphinx and mint an exclusive NFT. To do this, you will need to complete all 6 tasks listed on Galxe. Remember, you will need to switch to BSC network to do this. Complete the tasks and click “Claim”, note this will require you to pay gas fees in BNB.

Complete tasks to mint exclusive DAOStarter NFT

Become a Shardeum YouTube Creator

As an additional task, you can also apply to become a Shardeum YouTube Creator, which the team promises will offer you performance-based rewards. To become a Shardeum YouTube Creator you will need to complete the following steps:
1. Complete their application form.
2. Create a content calendar for Shardeum’s YouTube channel.
3. With the help of Committers, create and edit videos on Shardeum-related topics, EVM-related topics, and developer tutorials.
4. Host Live videos on topics relating to current web3 trends, project updates and AMAs.
Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: No airdrop has been announced yet. But Shardeum recently launched their betanet, and protocols on there have incentives for early users.

Airdropped Token Allocation: The team expects to give 51% of its token supply to the community but did not specify how much of this would be allocated towards airdrops.

Airdrop Difficulty: Shardeum has not yet released details about its airdrop rules. There may be a chance of being eligible for $SHM airdrops by interacting with their testnet. This is relatively simple since you can use testnet tokens, which are free.

Token Utility: $SHM will be used to pay gas fees for transfers and smart contract execution on the network.

Token Lockup: There is no announcement on when the $SHM token would be launched.
March 25, 2023
SharDex ($SDT) Token Airdrop Guide: LIVE NOW!
SharDex is now live on Shardeum Liberty 2.X, and they have launched a million-point airdrop plan. Users can earn Share Points by inviting friends and completing simple tasks on their Crew3 page. These points will be translated to token rewards in the future. In this article, we will explain what SharDex is and what you can do to position yourself for the airdrop.

Use our invite link to sign up with their testnet (we each get Share Points)!

SharDex ($SDT) Airdrop Step-by-Step Guide

SharDex hinted at several ways you could get a token airdrop. Here’s how to get a potential $SDT airdrop:
1. Enter SharDex Waitlist with Our Referral Link
2. Claim SBT and Complete Crew3 Tasks
3. Swap Tokens
4. Stake $SDT in Pools
5. Provide Liquidity and Stake LP Tokens
6. Bridge Assets to Shardeum (For SBT Holders Only)
See below for more details.

What is SharDex?

SharDex is a new trading platform that has been launched on the Shardeum blockchain. It leverages Shardeum’s dynamic state sharding to provide users with the best possible on-chain trading experience for assets. The platform includes a range of asset management solutions, such as Bridge, Swap, NFT Marketplace, Launchpad, and DAO.

These features allow users to easily transfer assets from other chains to Shardeum, and exchange them for other assets in a secure, affordable, and user-friendly way. With SharDex, users can manage their assets more efficiently and take advantage of the benefits of decentralized trading.

Does SharDex have a Token?

Yes, SharDex’s ticker symbol is $SDT, as confirmed on their testnet. Please note that this is not to be confused with the Soul Bound Token (SBT), which is obtained by successfully referring 3 friends and serves as an admission ticket for their future Initial DEX Offering (IDO).

SharDex has also confirmed in its roadmap that there will be an $SDT airdrop in the future.

How to Receive $SDT Airdrop?
The best way to get the $SDT airdrop is to earn Share Points on the testnet and claim the Soul Bound Token (SBT). You can also use the testnet products (i.e. swaps, liquidity pool, bridge) to qualify for a potential snapshot. Here’s a step-by-step guide:
1. Enter SharDex Waitlist with Our Referral Link
  Use our invite link to enter the SharDex Waitlist (we each get Share Points)! Connect your MetaMask wallet and switch the network to Shardeum Liberty 2.X.
  
  Afterwards, bind your Twitter and Discord accounts, and you will have your own referral link to invite friends for more Share Points.
2. Claim SBT and Complete Crew3 Tasks
  After successfully referring 3 friends, you can claim your SBT and join the SharDex NFT Waitlist for the Genesis Airdrop. Additionally, you can complete their Crew3 tasks to earn more Share Points. They are very easy to complete.
3. Swap Tokens
  From this point on, it’s optional, but participating may increase your chances of being included in an airdrop if there are snapshot criteria for using the protocol.
  
  Get some $SHM at faucet.liberty20.shardeum.org, and then you can swap tokens at testnet.shardex.org/swap.
4. Stake $SDT in Pools
  Stake some testnet $SDT at testnet.shardex.org/pools. You can choose to stake manual SDT or Auto SDT, similar to the compounding features of PancakeSwap.
5. Provide Liquidity and Stake LP Tokens
  If you have at least 2 tokens, you can provide liquidity for certain trading pairs by depositing them at testnet.shardex.org/pool. After getting the LP tokens, you can stake them at testnet.shardex.org/farm to earn more $SDT.
6. Bridge Assets to Shardeum (For SBT Holders Only)
  Once you have your SBT, you can use their Bridge feature. You will need some $SHM to cover gas fees. As of now, there are five test coins to bridge between seven different testnets.
Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: There will be an airdrop in the future, according to SharDex’s roadmap.

Airdropped Token Allocation: Token distribution information will be released soon.

Airdrop Difficulty: The tasks are straightforward and easy to complete. Simply connect your wallet to Shardeum Liberty 2.X, bind your Twitter and Discord accounts, and refer your friends using the invite link. You will earn Share Points for completing these tasks, which can be redeemed for token rewards in the future. Additionally, after successfully referring three friends, SharDex will automatically send an SBT to your wallet, which can be used as a ticket for future IDOs and airdrops.

Token Utility: SharDex has not yet published details of the utilities of $SDT, but it is likely that they will follow a similar model to other DEX protocols, including governance rights, fee discounts, yield farming, and listing fees.

Token Lockup: Tokenomics has not yet been published.
March 25, 2023
Crypto Airdrops Tier List 2023: Discover Rare, Thrilling, and High-Yield Gems to Skyrocket Your Earnings!
Welcome to the most comprehensive and up-to-date Crypto Airdrops Tier List for 2023! As the world of cryptocurrencies continues to evolve at a rapid pace, airdrops have become a go-to strategy for both new and established projects to gain traction and reward their communities. In this insightful guide, we’ve meticulously ranked the top airdrops of the year based on their potential rewards, project credibility, and overall excitement. Get ready to uncover hidden gems, maximize your earnings, and be a part of the most lucrative crypto airdrops of 2023!

Crypto Airdrops Tier List 2023

Crypto Airdrops Tier List 2023

We have compiled the top trending airdrops this year into a tier list based on four criteria:
- Project Credibility — Is the project backed by reputable investors or partnered with well-established, legitimate projects? Is there any public information available about the project team, and do they have prior experience in the blockchain industry?
- Security — Is it safe to connect my MetaMask or other crypto wallets to the project’s website? Has the project been audited by a third-party security firm?
- Cost — Does participating in the airdrop require any form of spending or investment, or is it entirely free?
- Effort — How much time and effort do I need to invest in completing the tasks that qualify me for the airdrop? Are these tasks simple or challenging? Does it require me to be a developer, validator, or just a regular user?
S Tier Airdrops

zkSync
- Project Credibility — zkSync is developed by Matter Labs, a well-known engineering team based in Europe. They have raised $458 million in financing across all rounds, backed by the likes of the Ethereum Foundation.
- Security — The project has been audited by several top smart contract security firms including OpenZeppelin, Halborn, and Code4rena.
- Cost — You will need to bridge ETH to the zkSync Era Mainnet via ZigZag Exchange or Orbiter Finance. Swap stablecoin pairs to minimize cost risk. You can also interact with the zkSync Era Testnet using free testnet tokens.
- Effort — The steps are easy to follow, but it’s recommended to perform them frequently and consistently to be included in the snapshot. Actions involve bridging your funds, swapping and trading tokens, or providing liquidity. The higher the aggregate value, the more $ZKS tokens you can potentially earn.
Grading Insight: zkSync is the most anticipated airdrop after Arbitrum. Over the past week, crypto users have bridged over $8 million in funds to the network in hopes of qualifying for the airdrop. Moreover, protocols on zkSync will also conduct their own retroactive airdrop, allowing you to earn additional rewards.

Sui
- Project Credibility — Sui is developed by Mysten Labs, comprising former Meta (formerly Facebook) executives and engineers. The company has raised $300 million, resulting in a valuation of over $2 billion, with backing from major investors like Coinbase and Binance.
- Security — Sui’s security architecture is secured by Move, a Rust-based programming language independently developed by Meta. The smart contract code for Sui is publicly available for review and auditing.
- Cost — Similar to Aptos, you can interact with protocols on Sui with free devnet tokens.
- Effort — Building protocols on Sui requires coding experience. As a regular user, you can perform simple tasks like staking devnet tokens or minting NFTs until the mainnet launch in Q2.
Grading Insight: Aptos, also an L1 built by former Meta developers, conducted one of the largest airdrops last year. It is very likely Sui will also follow suit.

A Tier Airdrops

StarkNet
- Project Credibility — StarkNet is developed by StarkWare Industries, an Israeli software company that specializes in cryptography. They have raised $100 million that puts the company’s estimated value at $8 billion. They are partners with some of the biggest names in crypto including ConsenSys and Chainlink.
- Security — StarkNet is audited by numerous leading security firms like Consensys Diligence and OpenZeppelin.
- Cost — You will need to bridge ETH to the Starknet Alpha Mainnet via StarkGate. Swap stablecoin pairs to minimize cost risk.
- Effort — Argent X wallet is required. Bridge and swap assets frequently and consistently to be included in the snapshot. The higher the aggregate value, the more tokens you can potentially earn.
Grading Insight: StarkNet is one of the highest valued L2 project in the crypto market. More than half of its total token supply will be allocated to community incentives and ecosystem funds.

Shardeum
- Project Credibility — Shardeum is co-founded by Nischal Shetty and Omar Syed. Shetty is the founder and CEO of WazirX and Syed is a blockchain architect who previously worked for NASA and Shardus. The project has raised $18.2 million, backed by Jane Street and The Spartan Group.
- Security — Shardeum ensures security through dynamic state sharding, which makes it challenging to attack due to the random assignment of nodes to shards in the network.
- Cost — You can interact with the Shardeum betanet with free testnet tokens.
- Effort — Mint NFTs or swap assets frequently on different Shardeum protocols.
Grading Insight: Shardeum is developing an innovative sharding technology, and has a very large user base. They confirmed airdropping 25.4 million $SHM tokens to ecosystem users.

Scroll
- Project Credibility — Scroll is a globally distributed team filled with experts in zero-knowledge cryptography and distributed systems on blockchain technology. Backed by Polychain Capital, the project has raised a total of $83 million in funding rounds, bringing its valuation to $1.8 billion.
- Security — Scroll is a hierarchical zero-knowledge proof system, inheriting security from the Ethereum mainnet. The smart contract code for Scroll is publicly available for review and auditing.
- Cost — Scroll is currently in its Alpha Testnet phase, which means you can use free testnet tokens to interact with the protocol.
- Effort — Bridge testnet tokens between Goerli Testnet (L1) and Scroll Alpha Testnet (L2) frequently.
Grading Insight: Scroll is another highly popular Ethereum L2 scaling solution. The team has confirmed creating an incentive mechanism to encourage participation in the network. Start using the testnet now for free!

MetaMask
- Project Credibility — MetaMask is the most used Ethereum wallet in the world.
- Security — All user wallets are secured with client-side encryption. With proper user practice, MetaMask is a reliable and secure option for managing and interacting with Ethereum-based cryptocurrencies and decentralized applications. Their recent audit was conducted in March 2023.
- Cost — You will need ERC-20 tokens. You can also buy ETH directly on MetaMask using credit cards, Apple Pay or bank transfers.
- Effort — Bridge and swap ERC-20 tokens regularly with the built-in features in MetaMask.
Grading Insight: MetaMask is one of the foundations of the Web3 world, which is why its token can be very valuable.

B Tier Airdrops

LayerZero
- Project Credibility — LayerZero Labs is founded by a team of computer scientists from the University of New Hampshire. The project has raised $135 million from the likes of Coinbase and PayPal. LayerZero has a large ecosystem of DeFi protocols including Uniswap and Stargate Finance.
- Security — LayerZero has commissioned over 35 audits with the most recent audits on Github.
- Cost — You will need real funds to interact with the protocols on LayerZero. But you can also bridge Goerli testnet USDC between EVM chains using the USDC LayerZero Bridge.
- Effort — Make small transactions, deposit funds, provide liquidity, swap assets as frequently as you can.
Grading Insight: LayerZero has a large user base, and is backed by PayPal. It has the potential to be a core infrastructure of Web3 interoperability, which is why its token can be valuable in the future.

ZetaChain
- Project Credibility — ZetaChain is built by former Coinbase and Basic Attention Token (BAT) developers. It is backed by Coinbase, Binance, Polygon, and more.
- Security — ZetaChain employs a novel omnichain approach to mitigate the risks of asset fragmentation and reduce the chances of 51% attacks. The project has been audited by PeckShield, Veridise, and QuantumBrief, and offers a bug bounty of up to $100,000.
- Cost — The incentivized testnet currently involves testnet tokens.
- Effort — Request ZETA tokens and swap assets between different chains frequently.
Grading Insight: ZetaChain is featured on CoinGecko’s list of top airdrops to look out for in 2023. Its points-based system makes it easy for users to track their contribution to the network.

Mantle Network
- Project Credibility — Mantle Network is incubated by BitDAO, one of the largest DAOs and partner of Bybit.
- Security — Its architecture adopts a modular approach to create a seperate, decetralized data availability layer in collaboration with EigenLayer. Smart contract code is regularly audited by the BitDAO community.
- Cost — The incentivized testnet currently involves testnet tokens.
- Effort — Bridge Goerli ETH to Mantle Testnet frequently. You can also complete Mantle Quests on Crew3 and Guild for a Discord role.
Grading Insight: Developed by BitDAO, Mantle is a fully community-driven project. As such, value to the project is rewarded back to loyal supporters and users.

Polyhedra Network
- Project Credibility — Polyhedra Network is built by leading engineers, developers, and researchers from UC Berkeley, Tsinghua University, and Stanford University. The project recently raised $10 million in funding, backed by Binance, Animoca Brands, and Polychain Capital.
- Security — Its infrastructure uses zero-knowledge proof (ZKP) to provide privacy extensions for Web3 with stealth address models.
- Cost — Only testnet tokens are needed to cover gas fees.
- Effort — Use Polyhedra CreatorTool to mint your own NFT and bridge them to other testnet blockchains. Repeat the process on different chains to enhance visibility of your on-chain activities.
Grading Insight: Polyhedra just recently launched its testnet, which means early users are in a good position for a potential airdrop.

C Tier Airdrops

Fuel Network
- Project Credibility — Fuel Network raised $80 million in funding, backed by Blockchain Capital and Stratos Technologies.
- Security — The system is based on a fraud- or validity-provable computation system that leverages a modular blockchain for data accessibility.
- Cost — Their Beta-2 Testnet is live. No real funds are used.
- Effort — Fuel Wallet is required. Swap and trade tokens on SwaySwap frequently. You can also interact with other ecosystem DApps.
Grading Insight: Fuel has not confirmed a token launch yet. But it is likely it needs a token to support its ecosystem and facilitate the functioning of the platform.

Celestia
- Project Credibility — Co-founder of Fuel Network, John Adler, also co-founded Celestia. The project has raised $55 million in funding, backed by Coinbase and Polychain Capital. Its total valuation is over $1 billion.
- Security — Modular architecture is similar to Fuel Network. Celestia offers shared security to blockchains deployed on it by providing consensus and data availability inherited by all utilizing chains.
- Cost — Its incentivized testnets require a node with decent internet connection. You will need to set up a development environment to run the Celestia node.
- Effort — This is more suitable for developers or validators rather than users.
Grading Insight: Limited access to general users.

D Tier Airdrops

Blur
- Project Credibility — Blur is the fastest growing NFT marketplace on Ethereum, backed by Paradigm. Many Bored Ape holders and NFT whales have moved from OpenSea to Blur.
- Security — Blur is audited by Code4rena and Dedaub. It uses multi-signature contracts for token transfers. However, Blur has a smart contract risk in its execution module, which only checks if the caller can transfer tokens. Contract owners may add addresses as callers for token transfers, so users must trust Blur before trading NFTs on it.
- Cost — You will need ETH to bid or list on Blur. The more the better.
- Effort — The difficulty for the Season 2 airdrop may increase due to heightened competition.
Grading Insight: Since Blur tends to favor NFT and ETH whales, it might not be the most suitable choice for those looking for cost-free airdrops.

Key Takeaway

It is important to note that lower tier rankings does not mean that the airdrop is not good. It is simply because they are not as accessible as the higher tiered ones to everyday users. All of these crypto airdrops are the most trending this year, offering high value to early users.
March 24, 2023